FY2018 EPS Estimates for Kirkland’s, Inc. (KIRK) Cut by Analyst
Kirkland’s, Inc. (NASDAQ:KIRK) – Analysts at B. Riley reduced their FY2018 EPS estimates for Kirkland’s in a note issued to investors on Wednesday. B. Riley analyst J. Van. Sinderen now anticipates that the specialty retailer will post earnings of $0.48 per share for the year, down from their previous estimate of $0.51. B. Riley currently has a “Buy” rating and a $14.50 target price on the stock.
KIRK has been the subject of a number of other research reports. Zacks Investment Research cut shares of Kirkland’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. KeyCorp reaffirmed a “buy” rating and set a $14.00 price objective on shares of Kirkland’s in a research note on Friday, November 10th. Finally, Sidoti raised shares of Kirkland’s from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.00 to $12.00 in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $12.50.
Kirkland’s (NASDAQ KIRK) traded up $0.56 during mid-day trading on Monday, hitting $12.53. 153,800 shares of the stock were exchanged, compared to its average volume of 155,266. The stock has a market capitalization of $185.89, a PE ratio of 25.15 and a beta of 1.22. Kirkland’s has a twelve month low of $8.17 and a twelve month high of $17.41.
Kirkland’s (NASDAQ:KIRK) last released its earnings results on Tuesday, November 21st. The specialty retailer reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $144.98 million for the quarter, compared to analysts’ expectations of $142.31 million. Kirkland’s had a return on equity of 5.93% and a net margin of 1.14%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in KIRK. Parametric Portfolio Associates LLC grew its stake in Kirkland’s by 7.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 43,902 shares of the specialty retailer’s stock valued at $544,000 after acquiring an additional 3,151 shares in the last quarter. California Public Employees Retirement System grew its stake in Kirkland’s by 5.1% during the 1st quarter. California Public Employees Retirement System now owns 136,900 shares of the specialty retailer’s stock valued at $1,698,000 after acquiring an additional 6,600 shares in the last quarter. Vanguard Group Inc. grew its stake in Kirkland’s by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 828,023 shares of the specialty retailer’s stock valued at $10,269,000 after acquiring an additional 67,228 shares in the last quarter. Geode Capital Management LLC grew its stake in Kirkland’s by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 119,500 shares of the specialty retailer’s stock valued at $1,481,000 after acquiring an additional 2,076 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kirkland’s by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,040,984 shares of the specialty retailer’s stock valued at $12,908,000 after buying an additional 102,035 shares during the period. 94.14% of the stock is owned by institutional investors.
Kirkland’s announced that its board has authorized a stock repurchase plan on Tuesday, August 22nd that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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Kirkland’s, Inc is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products.
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